Nifty scales lifetime high, Sensex nears 30,000-mark

Mumbai, April 25 

Benchmark Nifty closed above the 9,300-mark for the first time in its history today, while the Sensex soared 287 points to a three-week high on widespread buying, spurred by strong results and upbeat global cues.

The 50-share Nifty rallied 88.65 points, or 0.96%, to reach its new lifetime closing high of 9,306.60, surpassing the previous record close of 9,265.15 on April 5.

Intra-day, it surged to 9,309.20, breaking its previous intra-day record of 9,273.90 reached on April 5.

The BSE 30-share Sensex surged 287 points to end at a three-week high of 29,943.24, after shuttling between 29,961.82 and 29,780.84. The gauge had gained 290.54 points yesterday. This is the highest closing for Sensex since April 5, when it had ended on 29,974.24.

Brokers said a string of strong quarterly earnings, including from index heavyweight RIL, and appreciating rupee accelerated buying activity. The rupee ended at 64.26 against the dollar, up 18 paise.

Asian shares ended higher following a relief rally in global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election.

Earnings from both private as well as public sector has shown encouraging signs, lifting banking stocks, while Nifty’s surge to 9,300 gave added vigour to market.

“Government’s push in the infra and affordable housing space has also kept housing, cement and realty stocks buzzing,” said Anand James, Chief Market Strategist, Geojit Financial Services. — PTI.

Nasdaq hits 6,000 for 1st time

New York: Wall Street stocks rose again on Tuesday, with the Nasdaq climbing above 6,000 for the first time and the Dow gaining following a series of mostly strong earnings from blue-chip companies. Shortly after the opening bell at 1330 GMT, the Nasdaq Composite Index was at 6,004.27, up 0.3% over Monday’s record close. The Dow Jones Industrial Average jumped 0.7% to 20,911.41, while broad-based S&P 500 advanced 0.3% to 2,381.94. AFP

Breaches 9,300-mark 

• The 50-share Nifty rallied 88.65 points, or 0.96%, to reach its new lifetime closing high of 9,306.60
• Intra-day, it surged to 9,309.20, breaking its previous intra-day record of 9,273.90 reached on April 5
• The BSE 30-share Sensex surged 287 points to end at a three-week high of 29,943.24 points